Shares of several retail companies are trading lower on overall market weakness amid a rise in Treasury yields following CPI data.
Portfolio Pulse from Benzinga Newsdesk
Shares of several retail companies are trading lower due to overall market weakness following a rise in Treasury yields after the release of CPI data.
October 12, 2023 | 7:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Chewy's stock is trading lower due to overall market weakness following a rise in Treasury yields.
The rise in Treasury yields following the release of CPI data has led to overall market weakness, impacting the stock price of Chewy negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Genesco's stock is trading lower due to overall market weakness following a rise in Treasury yields.
The rise in Treasury yields following the release of CPI data has led to overall market weakness, impacting the stock price of Genesco negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
GameStop's stock is trading lower due to overall market weakness following a rise in Treasury yields.
The rise in Treasury yields following the release of CPI data has led to overall market weakness, impacting the stock price of GameStop negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Lowe's stock is trading lower due to overall market weakness following a rise in Treasury yields.
The rise in Treasury yields following the release of CPI data has led to overall market weakness, impacting the stock price of Lowe's negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Penske Automotive Group's stock is trading lower due to overall market weakness following a rise in Treasury yields.
The rise in Treasury yields following the release of CPI data has led to overall market weakness, impacting the stock price of Penske Automotive Group negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The Children's Place's stock is trading lower due to overall market weakness following a rise in Treasury yields.
The rise in Treasury yields following the release of CPI data has led to overall market weakness, impacting the stock price of The Children's Place negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Tractor Supply Company's stock is trading lower due to overall market weakness following a rise in Treasury yields.
The rise in Treasury yields following the release of CPI data has led to overall market weakness, impacting the stock price of Tractor Supply Company negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wayfair's stock is trading lower due to overall market weakness following a rise in Treasury yields.
The rise in Treasury yields following the release of CPI data has led to overall market weakness, impacting the stock price of Wayfair negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100